Topic: Fed debt is over $19,400,000,000,000 (Read 466 times)
That means if the Feb debt is denominated in the bitcoin, one bitcoin is worth more than 1,200,000 US dollars.
The governments of the world are dumping generations of debt on our children and even their children. The fiat system is bound to collapse and when this happens, everyone will suffer. We are surviving on borrowed time and not even Bitcoin could get us out of this mess.
The thing they normally use to sort things like this out, is Global War. ^hmmmmmm^
The thing they normally use to sort things like this out, is Global War. ^hmmmmmm^
What is the point of your comparasion?
Are they planning to exchange 1M in US debt for 1 BTC?
I would not buy 1M in their debt for 1BTC, chances are I would never see the 1M again
Are they planning to exchange 1M in US debt for 1 BTC?
I would not buy 1M in their debt for 1BTC, chances are I would never see the 1M again
It's not like that debt magically becomes Dollars that can be spent on Bitcoin. Only new debt can make it's way here via loans/credit to buy Bitcoin.
http://goo.gl/mqtyHA divide by bitcoin cap, and we get $923k per unit, little shy of 1M dollars.
And it's strictly only account for the U.S. debt.
And it's strictly only account for the U.S. debt.
Simply they don't care about their dept and U.S. is the first country that has the largest debt on the world. From this list [1] we can see the list of ~190 countries ranking from the highest to the lowest debt. We should not compare this dept with bitcoin it's not on the same category.
[1] https://en.wikipedia.org/wiki/List_of_countries_by_external_debt
You realize that number is basicly meaningless right?
http://goo.gl/mqtyHA divide by bitcoin cap, and we get $923k per unit, little shy of 1M dollars.
And it's strictly only account for the U.S. debt.
And it's strictly only account for the U.S. debt.
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